Bihar Gramin Bank Nimi IFSC Code

When you need to send or receive money electronically in India, knowing the Indian Financial System Code, or IFSC, is essential. For the Bihar Gramin Bank branch located in Nimi, Sheikhpura, Bihar, this unique code makes sure your transactions, whether through NEFT, RTGS, or IMPS, go to the correct branch without any trouble. It’s like a specific address for the bank branch, ensuring accuracy and security for your funds.

Branch Details

Here are the complete details for the Bihar Gramin Bank, Nimi branch:

Bank Name	Bihar Gramin Bank
Branch Name	Nimi
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3316
Branch Address	Nimi, Sheikhpura, 811103, 8102926331
Contact Number	8102926331
City	Sheikhpura
District	Sheikhpura
Reason	NAWADA
Pincode	811103
State	Bihar

Merger Update

Bihar Gramin Bank was formed after the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these former banks now operate under the unified Bihar Gramin Bank, which is sponsored by Punjab National Bank. As a result of this merger and sponsorship, a single, standardized IFSC code is now used across all branches of Bihar Gramin Bank.

The current and only valid IFSC code for the Bihar Gramin Bank Nimi branch is PUNB0MBGB06. It’s important to know that any old IFSC codes previously used for branches under Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. For any electronic fund transfers to this branch, you must use PUNB0MBGB06 to ensure the transaction is successful.

What is an IFSC Code?

An IFSC Code is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in the NEFT system. It helps ensure that money transfers are directed to the correct bank and branch.

The code follows a specific structure:

• The first four characters represent the bank name. For example, “PUNB” stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control character.
• The last six characters identify the specific branch. For the Nimi branch, these characters are “MBGB06.”

This structured format prevents errors and ensures accuracy in electronic transactions.

How to Use an IFSC Code

Using an IFSC code is straightforward when you want to transfer money electronically. Here’s a general guide for NEFT, RTGS, and IMPS transactions:

1. Gather Beneficiary Details: You will need the recipient’s full name, account number, account type (savings or current), and the bank’s name.
2. Input the IFSC Code: When initiating a fund transfer through your bank’s online portal or mobile app, you’ll find a field specifically for the IFSC code. Enter PUNB0MBGB06 for the Bihar Gramin Bank, Nimi branch.
3. Select Transfer Type: Choose your preferred transfer method:
   • NEFT (National Electronic Funds Transfer): Processes transfers in batches throughout the day.
   • RTGS (Real Time Gross Settlement): Designed for large value transactions, processed individually and in real-time.
   • IMPS (Immediate Payment Service): Allows instant, 24/7 transfers, typically for smaller amounts.
4. Verify and Confirm: Always double-check all the details you’ve entered, especially the account number and IFSC code, before confirming the transaction. An incorrect IFSC code could lead to delays or the transfer going to the wrong account.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Ensures Accurate Transfers: It guarantees your electronic fund transfers reach the intended bank and branch quickly and accurately.
• Facilitates Online Banking: Essential for using services like NEFT, RTGS, and IMPS through internet banking and mobile apps.
• Prevents Errors: Reduces the chances of money being sent to the wrong account due to incorrect branch identification.
• Speeds Up Transactions: Helps in faster processing of fund transfers compared to traditional methods.
• Security: Adds an extra layer of verification, making your financial transactions more secure.

Contact Information

For any inquiries or assistance related to the Bihar Gramin Bank Nimi branch, you can use the following contact details:

• Branch Phone Number: 8102926331
• Branch Address: Nimi, Sheikhpura, 811103
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about IFSC codes and Bihar Gramin Bank:

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code.

Q2: Is the IFSC code mandatory for all bank transactions?
A2: The IFSC code is mandatory for all electronic fund transfers within India, such as NEFT, RTGS, and IMPS. It is not needed for cash deposits, ATM withdrawals, or transactions within the same bank using only account numbers.

Q3: Where can I find the IFSC code for my bank branch?
A3: You can usually find the IFSC code on your bank’s passbook, cheque book, bank statements, or by visiting the bank’s official website or contacting customer service. Our table above also provides it for the Nimi branch.

Q4: What happens if I use a wrong IFSC code during a transfer?
A4: If you use an incorrect IFSC code, your transaction will likely fail and the funds will not be debited from your account. In some rare cases, if the incorrect code matches another valid branch, the funds might go to the wrong account, which can be difficult to recover. Always verify the code carefully.

Q5: What is the difference between an IFSC code and a MICR code?
A5: An IFSC code is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS) across different banks and branches. A MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheques, primarily used for clearing cheques efficiently. They serve different purposes in the banking system.